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20121201
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Search Results 0 to 7 of about 8 (some duplicates have been removed)
and a hat for 38 bucks. >> add a cup of coffee and a hot dog. >> while we use the word trousers, bob pisani is here watching what's good morning, bob. >> happy monday, everybody. did you notice the market. nice rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't kno
, bob, it's a fantasy. all of this goldilocks stuff is a fantasy. you cannot get strong growth with rising taxes and lower spending. that's not going to happen. you cannot have unlimited stimulus that is not going to cause inflation. that's just a fantasy. so there's a real fight going on. none the less, have you noticed, gold being sold, buying the euro, it seems a weird trade going on here affecting the markets. this was going on yesterday as well. this may have to do with the yen. the yen is hitting new lows against the dollar. it's hitting new lows against the euro. have you seen what's going on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be
the americans would blame republicans if the country went over the cliff. bob corker called for a quick deal. he said right now there is no question in my mind that the president has the slight upper hand. >> slight? >> stephanie: uh-huh. more conservatives said it most notably senator from oklahoma seem willing to let tax rates rise. it seems like boner is having his orange hand forced here. >> yeah. >> stephanie: good morning. >> caller: good morning. i happened to listen to mourning joe this morning sorry. >> stephanie: i'm sorry for you. >> caller: said they these jobs coming back to america are great. they are paying 15 to $17 an hour. and i'm thinking you can't buy a house or send your kids to college on $17. and in michigan people are saying they ought to let the unions go because people just need jobs. >> stephanie: it's what the president was saying yesterday. this should be a race to the top, not a race to the bottom. oh, she is done with me. >> she'll listen to you off line. >> stephanie: i always hang around too long. shut up chris. >> i have no reason to talk. >
. in 30 minutes, senator bob corker and kent conrad. and at 9:00 eastern, representative scott garrett and sander levin. remember "squawk on the street." >> that's right. "squawk on the street" we have a lot to come, as well. the two senators we're talking with next, two members of the gang of eight now. we'll talk to them. guys we'll send it back to you right now. >> great. thanks, guys. appreciate that. we are now, though, going to flip it over to phil lebeau who is in new york and he's got breaking news. >> as expected we knew that delta was in negotiations to buy 49% stake in virgin atlantic. the deal has been completed. the price is $360 million for that delta will increase its access to heathrow. that's really the key here. 31 daily nonstop flights. that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this morning here in new york. we're going to be talking w
we're willing to go book to 39.6%, as bob corker said over the weekend? is it helpful? >> i think it is hopeful for the republicans on the revenue side we're willing to move. i believe in capping deductions. bowles-simpson is bipartisan proposal. "gang of six" senators, three democrats, three republicans. they didn't raise rates. they capped deductions to. raising rates is partisan political trophy for obama. i don't want to go down that road only if they do entitlement reform. i don't hear any democrat of note hering what i would do on the entitlement side. if i were republicans i would be quiet for a while and see what the democrats put on the table for entitlement reform. >> big debate last week republicans saying we will do exactly with you said. we're only going to do cuts in deductions. we'll eliminate loop hoses. -- loopholes. that is what happened over the weekend. seems like over the weekend it dissolved into accepting of raising tax rates. the president said there is no deal unless i get that. that is what i ran on. american people are expecting that. >> here is where th
report, seasonaled justments will be a huge factor relative to sandy. >> bob and michelle are here. and my biggest question, if all the companies are pulling the give dends forward, the u.s. government thinks it will be taking in x amount based on what they would normally get for dividends plus whatever the hirer rate is going to be. it will drop substantially, correct? >> you'll get leads and lags in the revenues. a lead into this year, a lag next year. pretty obvious how this works. in terms of tax planning, let hope they know to take account of this. the argument will argue how great this is working and when there's a shortfall, how did that happen. so i hope we don't go that route. but this administration has been very big on these kinds of things, basically distorting what's going on and this current thing about the mandate really bothers me. so i woouldn't -- >> i think the challenge is being forward looking. there's big challenges not just because the challenge in terms of getting all the information, but also if win terms of trying make the budget numbers look good and you
Search Results 0 to 7 of about 8 (some duplicates have been removed)